Corporate Liquidity during the COVID-19 Crisis: The Trade Credit Channel

2021 ◽  
Author(s):  
Benjamin Bureau ◽  
Anne Duquerroy ◽  
Frédéric Vinas
Keyword(s):  
Trade Credit ◽  
Credit Channel ◽  
Corporate Liquidity

Corporate Liquidity During the Covid-19 Crisis: The Trade Credit Channel

2021 ◽  
Author(s):  
Benjamin Bureau ◽  
Anne Duquerroy ◽  
Frédéric Vinas
Keyword(s):  
Trade Credit ◽  
Credit Channel ◽  
Corporate Liquidity

scholarly journals Do firms use the trade credit channel to manage growth?

2013 ◽  
Vol 37 (8) ◽  
pp. 3035-3046 ◽  
Author(s):  
Annalisa Ferrando ◽  
Klaas Mulier
Keyword(s):  
Trade Credit ◽  
Credit Channel

scholarly journals Curbing Shocks to Corporate Liquidity: The Role of Trade Credit

2016 ◽  
Author(s):  
Niklas Amberg ◽  
Tor Jacobson ◽  
Erik von Schedvin ◽  
Robert Townsend
Keyword(s):  
Trade Credit ◽  
Corporate Liquidity

scholarly journals The trade credit channel revisited: evidence from micro data of Japanese small firms

2011 ◽  
Vol 40 (1) ◽  
pp. 101-118 ◽  
Author(s):  
Kazuo Ogawa ◽  
Elmer Sterken ◽  
Ichiro Tokutsu
Keyword(s):  
Small Firms ◽  
Trade Credit ◽  
Credit Channel ◽  
Micro Data

scholarly journals Creditor rights, monetary policy, financial crisis, and trade credit

2021 ◽  
pp. 234094442098829
Author(s):  
María Cantero-Saiz ◽  
Begoña Torre-Olmo ◽  
Sergio Sanfilippo-Azofra
Keyword(s):  
Monetary Policy ◽  
Financial Crisis ◽  
Trade Credit ◽  
Global Financial Crisis ◽  
Jel Classification ◽  
Creditor Protection ◽  
Credit Channel ◽  
Creditor Rights ◽  
Financial Crisis Of 2008 ◽  
The Global Financial Crisis

This article analyses how creditor rights affect the trade credit channel of monetary policy. We also aim to test whether these effects were conditioned by the global financial crisis of 2008. Using a sample of 15,356 firms from 29 countries (2001–2017), we found that in normal times or in countries not very severely affected by the financial crisis, trade credit receivables increase during monetary restrictions. Moreover, this increase is less pronounced as creditor protection strengthens. In countries strongly affected by the financial crisis, however, trade credit receivables do not react or even decrease after monetary expansions, regardless of the degree of creditor protection. Furthermore, the results of trade credit payables and net trade credit are not conclusive. JEL CLASSIFICATION: E52; K22; G32

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